Blogs & Articles

For some time now, the Building and Construction Industry has been required to lodge an annual Taxable Payments Annual Report (TPAR) with the Tax Office detailing which contractors they have paid, what their ABN is and how much they have paid them during the year. This measure was intended to catch out contractors who were not paying tax on their income.

By Blair Speakman
To many, business budgeting doesn’t sound very interesting. To a successful small business owner, the word ‘budget’ has a different meaning.
Business budgeting is more about Continue reading

Single Touch Payroll (STP) requires payroll information to be reported to the Taxation Office each time you pay your employees, rather than monthly or quarterly via an Activity Statement.
Continue reading

Are you looking to automate, streamline and simplify your bookkeeping processes? As a business owner do you want more time to spend on the important things in your life – like growing your business, Continue reading

The articles, templates, and media posted on this blog do not give business, accounting, taxation or financial planning advice. The articles are intended to provide information in a summary form and are general in nature. The contents do not constitute business, accounting, taxation or financial planning advice and should not be relied upon as such. Formal business, accounting, taxation or financial planning advice should be sought in particular matters. O’Connells OBM Pty Ltd accepts no liability in respect of this information and any person acting solely on the information contained within does so entirely at their own risk.